While November began with a slight increase in inventory levels from September’s all-time lows, limited vehicle availability continues to keep sales well below current demand.
Though challenges remain, many positive signs point to a return to normal some time in 2022, says NADA Chairman Paul Walser.
Dealers can boost electric vehicle sales when they take an educational stance with consumers.
New light-vehicle sales in October 2021 saw their first month-to-month gain since April.
Industry analysts suggest it could cost dealers hundreds of thousands annually to comply with the new rules.
NADA economist forecasts supply chain challenges, including the chip shortage, will persist well into 2022.
Research highlights how to get customers to return after the sale.
Mike Alford, who currently serves as NADA vice chairman, will succeed Paul Walser, as chairman.
September new light-vehicle sales fell for the 5th consecutive month to a SAAR of 1.2 million units, reported the National Automobile Dealers Association (NADA).
Asbury adds to the auto retail megadeals trend with its pending acquisition of Larry H. Miller Dealerships.
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